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tv   Boom Bust  RT  April 7, 2020 10:30am-11:30am EDT

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as we head into the big climb singularity it's the same almost some corden thing that ever happened to humanity sans the creation or invention are discovering a fire. me.
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this is boom bust that one business show you can't afford to miss. in washington coming up markets rally on hopes that the coronavirus is finally stabilizing then oil on oversupply as a price war between russia and saudi arabia continues finally the popular losing momentum this is due to do well explain was boom bust co-host won the packed up with a new today so let's go and get. the krona virus epidemic continues to 3rd some countries are still waiting for the worst to come the global death toll now at nearly $74000.00 with more than $1300000.00 comparable cases in japan prime
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minister shinzo abbay said he will declare a state of emergency for tokyo and 6 other prefectures as early as tuesday. we have opinions from experts that the government should prepare for a state of emergency declaration i want to huge scale never before seen night we have decided to give them internet konami measures of 108 trillion yen one trillion us dollars which is equivalent to 20 percent of japan's g.d.p. when the japan's health ministry house confirmed more than $3600.00 cases including $84.00 deaths china cautiously opening back up as a large crowds began to fill popular tourist sites in major cities health authorities are warning the risk remains on monday the national health commission reported 78 new asymptomatic cases confirmed on sunday that's almost double compared to saturday's 47 infections the surge poses a threat to hunt china the up to. center of the virus that is supposed to allow
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people to freely leave their homes on april 8th the 1st time in nearly 2 months now over to australia where police have launched a criminal investigation into the docking of cruise ship ruby princess the passengers were allowed to disembark in sydney this despite some exhibiting flulike symptoms more than 600 people on board that ship later tested positive and 10 have died so far in the middle east iran is the worst country hit with the pandemic while it's still struggling to contain the virus on monday foreign ministry spokesman told journalists that iran will not seek assistance from the u.s. to battle the coded $1000.00 pandemic. look we have no media and will not make any request to the united states of america to send medical and health assistance to the islamic republic of iran it is not our policy to request help from the statesmen of the american regime what they are seeking and have revealed as well is to keep iran in this difficult situation and
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predicament so they can take advantage of it until the iranian nation is worn out and desperate and goes to the negotiating table the country's health ministry said $136.00 have been reported in just 24 hours bringing the total death toll to $3739.00 with more than 60500 confirmed cases meanwhile in europe britain's prime minister boris johnson remains hospitalized for observation after complications from the coronavirus he is now in intensive care due to a high fever recommended by doctors the u.k. recorded more than 5300 deaths and more than 52000 confirmed cases on sunday spain saw both the smallest increase in death toll in 90 days and the smallest increase in the new number of infections this was since the start of the outbreak the country that toll is more than 13000 with more than 135000 cases which is only thank into the united states the cut. tree still today with the most infections of
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the u.s. has more than 352000 cases and more than 10000 people have died health officials are warning things will get much worse the u.s. surgeon general jerome adams said the week will be the hardest and the saddest for americans he even compared it to pearl harbor and $911.00 this while president trump said that we don't have enough time to wait for a vaccine. that's one of the things with the vaccine when we have a vaccine we have to do tests because when you inject their vaccine when they take whatever ever it is they have to take we have to make sure does it have a horrible impact destroy somebody could so we have to test it for a long period of time this one not so much because it's been out there now i'm not acting as a doctor i'm saying do what you want but there are some good surgeons well new york new jersey michigan illinois and louisiana all hot spots where numbers are surging
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as governors across the country think scarce ventilators ever more numbers and information on the chrono virus be sure to check out our portable the t.v. app and look for the section tracking crown of iris. for a market analysis let's turn to boom bust co-host christine christie how are the markets this monday. well sarah u.s. equities jumped monday gaining over 6 percent as the number of new coronavirus case in the u.s. appeared to slow down well it is still too early to determine a lasting trend there are signs of stabilization and hostile rates which helped to lift sentiment and some of the most batter names are getting a live today with carnival cruise lines up over 25 percent as saudi arabia sovereign wealth fund revealed that it has built up an 8.2 percent stake in the company analysts continue to upgrade names such as tesla on e bay on the hopes that the rebound this time is for real however j.p. morgan's jamie dimon issue a note of warning saying that he expects the kind of virus to include
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a bad recession with elements of financial strain similar to that of the 2008 downturn j.p.n. dividend may also be suspended in order to preserve capital and that was a message that has shocked the entire industry citibank likewise also warned that global corporate earnings could fall by 50 percent in 2020 and that stock prices have further room to drop to reflect the likely profit decline so while we are getting some relief today. and might still be too early china which has started to reopen the economy after nouns in victory against his battle with corona virus might be falling back into another cycle in his rush to restart the economy another cluster has emerged as china reported 39 new cases as of sunday from 30 a day earlier so it does appear that the disease is reestablishing itself yet again and that round 2 of the pandemic may just be getting started or oil prices however fell monday by 6 percent despite sources claiming that moscow and riyadh were quote very close to an oil deal to reduce output now this deal brokered by president
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trump would finally bring much needed stability to the oil markets where they would cut production by up to 15000000 barrels the market was expecting a meeting to be announced on monday but tensions between the parties have escalated yet again and that has been pushed out and delayed now until thursday we hinted last friday that this oil deal might not be so straightforward and that the u.s. will also have to give up something in return saudi's oil minister on sunday mentioned that it will need the support from produces outside of opec plus specifically citing the u.s. canada and norway so it seems like it will be our all in or nothing type deal russia and saudi arabia will need u.s. participation in some shape or form to cut production along with them well thank you kristie for that abba are we want to bring in peter schiff c.e.o. of euro pacific capital now peter i want to start by asking you are we starting to see a turning point as christi pointed out in the market as we get better data out of
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the coronavirus death or has all the news now been priced at and do we have a bottom now. well i tend to doubt it you know too many people are focused on the pin and ignoring the bubble that the pinprick you know before the covert 19 shut down the u.s. economy was long overdue for a severe recession and the us stock market was long overdue for a bear market so i think the code would virus simply accelerated the onset of both and so all 'd that's going to happen is that we're going to return to a recession and a bear market so i would not get excited about this rally i think we still have a long way to go on the down side and the economy i think is going to be even worse well chrystia your thought some people even comparing this not only now to the 2000 it recession but to the great depression that we haven't seen and our lifetimes kristie your thoughts. yes i agree with peter on that that this is not the end this
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is not the balance and we still have a long way to fall because i think earning power along with the fall we still have massive unemployment tail tail from this entire coronavirus epidemic and we're nowhere near the bottom line of the. previous 2600 so right now it's been proven that 2600 as it tries to attempt to gain support level or and it out michel long term bottom this really has been a roller coaster in the past couple of weeks one day it's down the next it's up i mean and i'm sure there is there's more to come as you both have said now peter on friday the p.p.p. program the president signed into law it was gradually rolled out but what has been the response to this matter. well i mean as you would expect a lot of people are trying to line up for whatever free money the government is handing out but of course it's not free there is going to be a heavy price to be paid in terms of the loss of purchasing power of the u.s. dollar as prices respond to all the new money being created by going off plus of
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course these programs are doing far more harm than good amount even if they're doing any good but what they are doing is they are exacerbating the downturn and they are going to push the recovery off even further into the future because the government is basically encouraging businesses that should be downsizing and kind of adjusting their cost structure to the new reality instead the government is encouraging them to hold onto employees that they would be better off letting go and freeing up to do something else instead they're going to keep some employees entrenched in companies that are probably going to end up failing because they refuse to lay off people and so instead they're going to have to lay off even more people later and i think a lot of these loans are never going to be repaid because even the people that don't fire their workers a lot of these businesses are going to go out of business because they didn't fire their workers and then everybody is going to be out of it. and the governments are
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going to get any money back because the loans are no security and there's no personal guarantee well that's that's been a big issue here also the repayment of these loans and whether or not these companies like you said will actually be able to pay for them especially with the rehiring of these employees without letting them go kristie i want to ask you fed board is saying has said that this basically jobs will come back and that the markets will come back as well as soon as the coronavirus and there's no timeline set to that will these jobs even come back. well it is likely that the jobs will eventually come back but as we said previously we don't expect this being shaped recovery as so many analysts are so optimistic about simply because there is such a long tail of the coronavirus and we have to back and forth between a very heavy supply shock wave which we've seen in china already and then we coupled that with the demand shock right now a lot of consumption if people don't have jobs they don't have personal income that they don't have income didn't spend on consumption and services etc so it becomes a very strong back and forth the balancing between the 2 and so that makes the tail
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of the buyers of the very very long lasting long lasting indeed as you said earlier that china could be seeing a repeat of a 2nd cycle which is something that dr fauci has said time and time again and the united states and the world of but peter i want to talk about gold it's up over 3 percent today while equities are soaring now usually interesting because investors are either risk on or risk but today looks like to be a risk on type of day and testers are buying equities and they're offering up some bonds but why is gold still up. well i do the risk is inflation the only thing that's propping up the stock market is the fed and other central banks printing money which is creating inflation so you don't have earnings going for the stock market all you have is all the cheap money that's being created and inflation is much better for gold than it is for the stock market and so that's why both stocks and gold are going up but i think eventually gold is going to be
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going up much more than the stock market and i think gold is going to be going up even as the stock market rolls over and goes down so i think in terms of gold stock prices are going to continue to fall in fact they're going to fall precipitously regardless of what happens to nominal stock prices because of the massive inflation being on leash by the fed and other central banks well christine we have about a minute left but i do want to get this last question and things are looking better today but well we be getting another relief bill it may even take months before people get their checks are you thinking there will be a 2nd. well right now it looks like good news is bad news because the entire narrative is that you don't want the data to be too good because then you risk losing out on this 4th stimulus package because right now we have this kind of wait and see mentality however palosi is heavily pushing for a 4th stimulus package to come in as early as this month in april however we need to figure out the strength of the unemployment benefits and the 2nd round of direct
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payments that could potentially be offered up to assist these small businesses as a lot of them have been excluded from the 1st round such as the postal service such as farmers and this also comes as a record number of americans last week just for unemployment 6600000 and that's a huge number that we now have to deal with so there is potential for stimulus package but it may not be as robust as we've seen and it's a record breaking number that we're seeing of unemployment hopefully we can come up with some sort of solution before it's too late peter schiff c.e.o. of euro pacific capital and boom bust co-host christy i thank you for your time. time now for a quick break but hang here because when we return bankrupt hospitals are back in demand to help fight the 1000 pandemic plus will explain the law and why many businesses and school systems are now opting out of using this now as we got a break here the numbers after.
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humanity is on the edge of a precipice thanks to a continuing destruction of. computers and lurching from leaders. i'm not being you didn't. i think that all of the war. or the. only dealing in the muslim world as
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a rule book you sit around and stuff and. shit the same stupid. human activity has brought us to the brink of the world's 6th major extinction of it and the people in this film just can't take it anymore. this is a story of women and women was troubled histories and conflicts court cases you know some of us did leave leave who lives out there. who were not. the person that they're accusing this is before they are considered the most dangerous of criminals she's in a still. all the last 23 hours of the tell me that it's not enough for the.
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world to the women on death row on r.t. . the ballooning number of coronavirus cases is putting bankrupt hospitals back to work all the facilities are needed to provide more care to the growing number of patients and an infusion of state and federal money is helping to make that possible legal journalist molly barrows joins us now with more molly thank you for joining us today now i want to i want to say these these the hospitals are actually helping these people are coming back to opening but they were already struggling before this which which actually is very interesting they've been struggling before the crisis even began but it's good to know that they are trying to help the
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already close hospitals and putting them back in business as more nurses and health care providers are needed to come back at this pandemic now the state and federal dollars molly thank you for joining us today with the state and federal dollars who are helping to put these hospitals back in business but i want to start with what's even going on with these struggling hospitals and in some cases even ones that were already closed. well basically they're being commandeered to be put back into action because they're having such china. embers of patients and they need places to treat them you know you see what's happening in new york city where they've had to open the convention center well especially in rural places there's a hospital in washington state for example or state officials have stepped in it was already closed and a federal judge approved a lease basically between the state health department and the debtors the creditors to reopen this this hospital that was already closed in order to be able to treat these patients so that's one example you've got another hospital in los angeles where the billionaire owner of the l.a. times is working to get this hospital reopened as well i think they're one step
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closer to doing that too you know and it's a bigger commentary really about the struggle that especially rule hospitals have faced with declining revenue streams and other issues but this is essentially what's happening they need the beds they need the space you've got hospitals that can provide that they've been closed so they're unlocking the doors there and shattering the windows if you will in order to temporarily meet this demand and it's happening at hospitals across the country well thank goodness for that but how are state and federal dollars and being used to help. well it's going to be very similar to what you're seeing with the small business loans and other sorts of federal and state aid that's being provided to businesses that are struggling because the economy has taken a decade that 2 trillion dollars stimulus package was passed well trump said we're going to take $100000000000.00 of that we're going to put it towards hospitals to reimburse them for lost expenses as well as costs related to the coronavirus so he also was getting criticism for not basically opening the affordable care act again so that these increasing numbers of unemployed people could apply for health
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insurance so part of that 100000000000 will be used to basically pay for care 'd treatment of uninsured patients who have the coronavirus now hospitals very grateful of course for that infusion of cash but that money that they're going to take from that 100000000000 the hospitals were only expecting about 65 now even more of that is going to go to help pay for uninsured care and they're saying well hey we really need that to pay for ventilators masks protective equipment and clothing for our health care workers as well so it's going to be it's going to be interesting this is basically dealing from mary to pay paul if you will like you remember how that goes exactly i think from peter to pay paul right will it's helping people for now they desperately need the help but why were so many hospitals already struggling even before this crisis in the 1st place where people healthy. you know i think the real issue is that we have for profit medical insurers in this country and that really is
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a whole nother story for another time but this pandemic is bringing to light so many gaps and hospitals have been struggling for some time this pandemic is basically making it so that they've got to put all their resources already dealing with limited revenue streams lower reimbursements for medicaid and medicare from the federal government they were making some money off elective surgeries and other procedures like that but now that they've been able they've had to delay those and put those on the table and so you have like 30 hospitals actually declare bankruptcy sara just last year for a variety of reasons so you have right and then you have a pandemic that really highlights all the problems that they're experiencing any way socially across this country and then now we're having to reinstate some of these hospitals which is good like you so we can help people the meantime but there are some fundamental issues that need to be addressed for the long term that this pandemic is bringing to light especially because again like we've mentioned time and time again there's no timeline we don't know how long this will last at least for now they're having more beds and more attention for those people who really
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need it molly barrows contributor with america's lawyer thank you so much for your time. thanks there. with so many people telecommuting and working the online services like soon there have also been a lot of problems stemming from that knows whom usage has skyrocketed since stay at home orders have been issued by cities and states but as many people have turned to zoom for everything from work from home school from home and even yoga classes from home acars have also started creating problems through something called zoom bombing what is in bombing well that's when internet trolls jump into public zoom calls and use a platform screen sharing feature to project graphic and even pornographic content to the preference to the conference participants actually will in those cases the host is then forced to shut down the event it's become such a problem that federal prosecutors are now worn. thing that there could be theory of legal consequences for the perpetrators and now doing with self a thing that it's going to take steps in order to protect users by upping security
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well joining us now to discuss is boom bust let's give journalist ben swan then bombing what kind of changes is them saying that they're actually going to make and one of the things they're doing and by the way the media say zoom bombing is one of the problems certainly was in was not the only problem so what they're doing the companies doing to deal with zoom bombing specifically itself is of a are announcing a 90 day freeze on any new roll outs of new developments for zoom so they can concentrate specifically on privacy and this was an announcement they just made and those improvements they say are things like this are going to turn on passwords and waiting rooms for people trying to join meetings for the free version or the cheapest version of sim right now it's only in the paid versions which is you know you know how that works with a lot of these companies if you pay for the more expensive version you get more privacy features but what they're trying to do now is say even if you have the free version online we're going to attach those privacy elements to it but there's a lot coming out about zoom including sarah the fact that you know suman said for
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a long time that he says encrypted in its calls we now know that is not true it actually doesn't have that is just something that that the company went around saying so they're really working right now to try to fix some of these things because it's creating a whole host of problems for well you're mentioning a lot of other post of problems that are going on other concerns over just beyond privacy beyond the embalming security researchers have found that automated tools can gander and scrape meetings using i.d.'s now what do we know about that. yeah it's kind of a big deal so there's these 2 researchers who essentially took an automated tool it's called the z. war dial it could automatically take that program and search through hundreds of different zoom calls and actually be able to attach a zoom color the identity of that zoom color to it just using a very simple automated tool and they were able to do i believe $2400.00 zoom meetings in a single day using one automated program so it was pretty efficient but what they did find interesting lee was that when they attempted to do this they were not able
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to scan or to scrape the terms they use there any of these zoom calls that had privacy or password protections on them so it was a password protected zone call they couldn't do this only in the free versions in those password protected versions so that's why now by the company stepping up and doing this they might actually be fixing 2 problems and one and effectually you'll need to pay for it like upgrade and i mean nothing really comes free but is there any way to actually stop this from happening now with these new changes that were announced by the address this other problem you know they will address the other problem in theory right now as i said because of the fact that it's you know these password protected ones versions of zoom you don't have that problem to your point yes you're right nothing is free but at least in the short term was humans trying very hard right now to ride the wave of momentum that should be helping the company in terms of investment people say hey this is a great company they've got to fix the problems they have so at least right now
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that password protection will be free for zune users even using the free version simply because it has a long way to go at this critical moment to restore its image to say we are a legitimate company and a legitimate player in this space not to be seen as just some kind of a company that people say well that was a good idea it just didn't work especially nowadays that were thinking that a lot of school departments in education new york system public school system banished and banned them from courses as well as some of the thank you. boom bust co-host pence one. that's it for the time you can catch boom bust on demand on the brand new portable t.v.'s available on smartphones through google play and the apple app store by searching portable t.v. and as always check this out on you tube dot com slash boom bust r.t. you next time.
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what is the difference between embarrassing gaffes and elder abuse joe biden certainly excels at the former and maybe is the big game of the latter we are told mention of mental health is off limits to what degree is the public the right to know. the swarms of them so much. good news who was before. much of those who heard something. similar north we go we're going to. move. move. move show us look beautiful little i mean it's a good look or a good. move slow most of these girls will give you films for good groove.
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well coming up from around the world live from central london this is all to u.k. . the prime minister boris johnson remains in intensive care at in london hospital after his coronavirus symptoms worsened the daily death toll reaches over 750 the highest number yet. the prime minister's stand in for. claims down must continue but that's as economists estimate it's complete 2400000000 pounds a day. front line medics treating patients with coated 19 claims they are forced to make that personal protective equipment from improvised materials that says research suggests the underestimating the number of doctors off work with the virus we hear from an n.h.s. doctor surely. critical care patients have treatments and centuries cancelled due
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to the outbreak with many fairing they'll be delayed we speak to a consultant cardiologist a little later. and the u.k. with the traits of thousands stranded. but some travelers face paying up to a 1000 pounds a ticket to hear from one stranded in the pool. the prime minister remains in intensive care at some thomas' hospital in london after he was moved last night due to worsening coronavirus symptoms says the daily death toll in england hit $758.00 that is the highest so far on his life outside the hospital so what is the latest on the prime minister. because we know
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around 10 days ago tested positive for coded 19 and towards the end of last week he was still showing symptoms so he continued to isolate himself in a number. 10 downing street but on sunday evening he was brought here to st thomas hospital just across the river time so from downing street and from the houses of parliament last night he was moved into the intensive care unit where he is now receiving treatment that it really is a far cry from earlier in the day yesterday went down the street and others what really trying to brief the media to tell them about the prime minister was comfortable that he was in good spirits of the good health and well he might be in good spirits is good health definitely not the case because his situation has deteriorated the government say he isn't on a ventilator just yet and they number 10 downing street that is have released a statement regarding the prime minister's latest updates. the prime minister
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has been stable overnight and remains in good spirits he is receiving standard oxygen treatment and is breathing without any other assistance he has not required mechanical ventilation or noninvasive spiritual support. in the absence of mr johnson dominic robb the foreign secretary is seeing a prime minister for all intents and purposes because he is also the 1st minister of state he will be taking a lot of the promises powers although not all of them for example he won't be holding weekly calls with the queen that he won't have the ability to reshuffle the cabinet although we understand that any cabinet decisions will be taken by the cabinet members on a whole some ministers will sit round the table and come to a decision based on collective responsibility now we've been receiving news dot the leaders around the world out in the country as well the been listening wishes to the prime minister to stop by the new labor leader he is wished the prime minister
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a speedy recovery. some forward the disease well we've been hearing from the putin he's been saying that he expects obvious justin to be back on his feet sued the french president manuel mccrone tweeting last night sending his best wishes and also the scottish 1st minister. and she to wishing all the best to the prime minister. the prime minister as well as leading the u.k. government response is currently in hospital facing his old past in the battle against corona virus actually the meeting of the scottish government's cabinet this morning and we to cordiant our very best wishes to him and so now you know and i'm sure i do this on behalf of all of scotland i want to say and every good wish to head to his fiance and to his whole family we are all willing you on board us get we'll soon. as you mention. in bed the numbers of those who have lost their
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lives in the most recent 24 hour period in england has shot up massively by 758 that's the single biggest rise of deaths in any one day and it follows 2 days where the death toll across all of the countries of the united kingdom and i should be a full day by day so from sunday and then in some monday the figures were going down and now they've shot up and of course that's just including those figures of $758.00 we still await the other countries scotland by the bios to give that because so a really really negative setback i saw for any hopes authorities would have had about the countries over the last of this we are of course also expecting gets a 5 pm today like every other day during this crisis and update by a minister within the government so we don't exactly who it is just yet but again dominic robb is now pretty much acting prime minister and he's standing in the
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place of parsed out some as he tries to recover the hospital hard to save central london thank you very much indeed for that live update well dr david bull thinks the prime minister's condition should come as a reminder to us all. what it shows really is just the human tragedy behind this disease you know i think it shocked a lot of people that the prime minister and i think many people saw him as someone who was in number 10 downing street giving out these really warm sentiments saying you know everything will be fine and for him suddenly to be admitted into hospital and to then be transferred to intensive care means that actually his condition is worsening now there are conflicting reports i've spoken to some of my medical colleagues who are working in that hospital now and there is no doubt that he would have received oxygen and obviously they're being very careful you know he's the prime minister so you have got to make sure that they do everything and they go over and above what they could possibly humanly do so he's been given oxygen i've also heard reports that he has been given say power now that is what is called
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continuous positive airways pressure that keeps the airways open to allow his lungs to inflate with oxygen one of the problems with this disease is that you can't actually ventilate your lungs properly but there is a tradeoff we don't want to intervene too early but at the same time you don't want to intervene too late so the point about using something like see pap is it will help him to oxygenate his blood and that's something that they would have decided with caution so from what i understand and the reports are right that he hasn't been integrated and he's not being kind to light and can you put a prognosis all the likelihood of recovery for someone in this situation well he has a number of risk factors against him you know there's i don't they get surprises anyone when i say he's overweight something that will count against him i don't know whether he has any underlying medical conditions the good thing is he is under 60
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we know those people under 60 do better i think he's 55 all they're about but the figures speak for themselves and last night when i heard that he'd been admitted i was gravely concerned because when you look at the numbers across the world those. people if he is on sea power and that's what i've heard. what those figures normally show is that you tend to move from say power up to being ventilated in about 60 percent of cases we've been in 24 hours. the man was stepping in for boris johnson dominic robbers' downplayed the possibility of lifting the lock down the foreign secretary said that the current rules must continue to be enforced to slow the spread of the virus the risk right now is if we take our focus off the strategy which is beginning to work is that we won't get through the peak as fast as we need to which is why it's perfectly legitimate to ask the question but the government's overriding priority has got to be to keep up the work that and the commitment that so many people have made to make sure that we maintain the social distancing we
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stop the spread we protect the n.h.s. as we come through the peak the lockdown applies to all 4 home nations and the 1st minister of wales has called for a cobra meeting to review it mark dreyfus said it is necessary to look at the restrictions as the initial 3 week knock down period draws to a close meanwhile experts are concerned about the impact of a continued shutdown on the economy when estimates suggest the not done could cost the country around 2400000000 pounds daly the center for economics and business research says g.d.p. will reduce by around 30 percent as people are forced to stay at home and others predict that the economy could be hit by 30 percent in the 2nd financial quarter from april through june if the lockdown remains and while consumer confidence is at is a lowest level since the financial crash nearly $1000000.00 people applied for universal credit at the end of last month and that is 10 times the average over a 2 week period former leader of the liberal democrats and former business
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secretaries of vince cable told me that the government will face a large deficit after the knock down for propping up the economy. the g.d.p. that the economy is running about 30 percent below what you'd expect it's trend no less opposing an optimistic view that this keep it remains the next 3 months and we don't know the relief of the lock down in the summer maybe there's a 50 percent below trend in the skin in the 3rd quarter and then we'll return to normal well ducks a 10 percent just over 10 percent cuts in the economy we've never had anything as bad as that even in the financial crisis say it's a very big hit and that is the optimistic view it could be that we take a long time to recover not some things and maybe damage they and it may not may not be easy to replace credit from financial institutions will kind of things could happen and it could be we get into a saloon w.
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shaped recovery as. suggested by the return of the virus in places about singapore that seem to have got on top of it and it could be that we don't recover but we just have a lot of damage that just remains indefinite they put out economic advice what would you say to the government to try and stimulate growth again once this is all beginning to calm down a bit from you all experience what would you say well at the moment i have obviously not stipulating directly trying to stop that and that's the whole point about the lock down but once we get to a point where they restraints on production are removed then it's a question of then breathing some life back into the economy getting people spending getting businesses investing well or that we are going to be faced with running very very large government deficits because it sends the government is supporting the economy. debt levels again to get very very uncomfortable in britain and dates from around the world and there will then be quite
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a big economic debate about how we handle the legacy. front line that makes treating patients. with covert $900.00 claim they are forced to make their own masks in gallons stuff at brighton and sussex university hospitals say they've been forced to fashion face masks out of lemonade and elastic bands other frontline staff reported making protective gear from clinical waste bags and plastic aprons or some of even board ski goggles to use as a protective i wear well the union for n.h.s. workers a said that frontline medical staff should not be put in such a position. is this how we expect those risking their lives in the face of a pandemic to be treated front line nursing staff be forced to make their own p.p. to protect themselves the crucial guidance from public health england is clear all n.h.s. staff should be empowered to choose the p.p. they need to protect themselves at work and we will be on the case to ensure that
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the hospital is implementing this no brighton and sussex university hospital staff or n.h.s. front by the health workers should be put in a position where they feel their employer is prepared to sacrifice their own safety to keep the service running the hospital trust and public health england haven't commented on the situation yet but health secretary matt hancock said the protective kit was on its way to hospitals and that's as the latest research by the role college of physicians suggests the government is also underestimating the number of medics off work due to the virus. official figures released by the department for health and social care says that over 6 percent of doctors off jews 2 coronavirus related reasons but numbers revealed by the royal college of physicians are more than double the official figures reaching over 14 percent the doctors study also found that just 78 percent were able to access the necessary equipment just over 30 percent could get hold of 19 swabs and one in 10 reported
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not being out to get tests for patients who met the criteria well for more on the shortage of both medics and equipment i'm joined by and h.s. dr dr carmen thank you very much indeed emir for joining us. firstly your thoughts on the prime minister boris johnson he is in good hands of course but now in intensive care this is very serious. it is serious and i think i speak for everyone when i no matter what your political stance is we all wish him well i don't know the ins and outs of a special case and i think that's important because he's entitle to rezone medical privacy as well but from what i understand he has been started on all which would suggest that his blood oxygen levels have dropped below a critical value by which he needs supplementary oxygen i understand he hasn't got pneumonia and that's really important because that is the worry in the slippery slope that leads to ventilation and hopefully he won't get to that stage that the
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problem is really. what happens when the coronavirus gets down as far as the lungs is it sets off a whole series of events and your immune system actually over reacts and causes lots of information loss of flu read into the law which then attract over the bacteria and viruses and can cause a really horrible pneumonia and stop your lungs from oxygenating the rest of your body and that's where ventilation comes in so i'm hoping that doesn't happen to boris and he makes a full recovery a man we have to think of those who are engaged in getting people better those medics on the front line have you heard of then making their own personal protective equipment. it's really sad that this is still going on i think as it has an n.h.s. g.p. or doctors everywhere and i think we are sick to the back teeth radio hearing from the government not the p.d.e. is on its way the military are delivering it i'm sure the military doing their best i've not seen any sign of that me now so your self-esteem and shortage of self.
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well not anymore but when we recall so ago we didn't have gogol's to wait to see creation say with potential coronavirus and since that has since been remedied we were told initially chip to source our own p.p.a. but that has since been remedied but my sister works in my sister's working hospital and i got it from from their particular hospital that they haven't got the right people and this story about brides and making their own p.b.s. really worried that it still go is homemade protective equipment good enough is it adequate or is this really putting stuff at risk no it's absolutely no adequate you know we're making ourselves it's not to any particular standard and that either were you know the stuff that is recommended by public health england by the world health organization that it is ok to a particular stand in it's been scientifically tested when you make it out of a plastic bag or anything really makeshift there is no scientific background to it and what it's doing is opening up these and h s which is to getting the infection to being off work and to potentially die as
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well which is really really sad and only slowly that h.s. workers will do anything for our patients but all we ask for in return is the right equipment and we keep hearing over and over and over again it's coming when you hear these stories of people making it even today you just you just that is hard to know what to believe and want to try one other issue i want to talk to you about just before we finish the doctors who are off what the professional body estimates that many more than the government saying. yeah there is conflicting numbers with a 7 and i was surprised to hear matt hancock say just below 6 percent they're all for it in my experience at my surgery they say i mean more than that and i would do whether there is some discrepancy there what i've heard is he might be counting people who are all we've seen sims of coronavirus and not necessary people who are self isolating because their family members have symptoms that would certainly push
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the numbers up and i think that's where the discrepancy nice we sent legal clothes into the 15 percent of our staff or were equipped with either symptoms or selflessly. thank you for joining us. and here. still to come this. critically ill patients true they could be lost victims of the. surgeries and treatments. we hear from a cardiologist. the foreign office is so sick is of britain stranded the board will return flights this week but some say they have received any help it's all different once it's in trying to leave the port. i don't trust medical authority at all ever and there isn't for that as i had
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this horrible autoimmune disorder growing up and it turns out it was completely alleviated with very drastic dietary measures and i went to a number of doctors to discuss what happened to me and i was basically laughed at like diet has nothing to do with our i mean disorders so my suggestion to people who have health issues they can't figure out if they're going to see a medical professional and they've been going for 10 years and they're still in the same place they should probably take it upon themselves to start testing things out testing out diet testing out exercise and try and figure out things on their own. this is a story of women women with troubled histories and complex court cases you know some of us did leave leave who lives out there. who were not. the person that they're the cheesiness of the considered the most dangerous of
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criminals she's in a still. all the off 23 hours of the day tell me that it's not enough punishment it will do women on death row. charges and will the thousands of people suffering from cancer and all the serious illnesses could die as health service resources redirected to foot corona bars. we understand covert 19 is presenting our health care systems with huge challenges but it is important cancer patients and their needs are not forgotten about cheering this time influx of patients suffering from the virus means there is already a shortage of intensive care beds while operating theatres have been commandeered
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to handle intensive care unit overflow now this is led to some surgery being perspire own such as heart operations with many patients left unsure when the procedures will go ahead a pandemic has also led to the cancellation of a wide range of clinic appointments as well as mental health services one deal struck between the government and 3 private cancer clinics means that thousands of priority cases will now receive treatment outside the n.h.s. but the strain on n.h.s. resources has led many patients with serious health issues fearing that they will become hidden victims of the pandemic or the consequences of delaying some operations such as heart surgery could be fatal for more on the cancellation of treatment for critically ill patients are now joined by cardiologist dr steve cousin a c. thank you for being with us now your expertise is of course in cardiology what impact has this pandemic had on patients with serious heart conditions well over the last 4 or 5 weeks i think every unit in the country it's taken action to try
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and shift away from various a very routine meeting so many of the elective outpatient appointments are being done either by video consultation or telephone a lot of diagnostics a very reshow do so important work still happening or what we've done is try to reduce the amount of ground and let it work many of those patients can be managed out of medications for short and great curiosity both in terms of releasing start to support the curve. but also make sure that we retain capacity to look after him or see patients as someone who really does need treatment sort of dropped it is it dangerous for someone with a heart condition to enter a hospital with coronavirus patients in it. i think this is a question of balancing risks so you know that particular patients with a big heart attack or an s.d. elevation my current parchin have a significant risk of not surviving and a significant risk of developing heart failure if they don't treat those patients need to come to hospital and in fact their risk when the heart attack is greater
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than the risk even if they develop 90 so what we've seen around the country initially we did some trigger surveys we've got a network of a 1000000 doctors lately called med share with some work that looked like doctors felt that the numbers of patients presenting with down in the process of looking at that more closely with the british heart foundation and the initial indications are that the number of large heart attack patients as the elevation my counting function patients down by about 40 percent particularly in big cities now what we don't know is whether that's because there are fewer heart attacks occurring which to some extent is cause civil if people are at home resting or not going out but the concern that we have is that those patients who are likely suffer a heart attack are older their life is at the risk factors for the high risk group that we're trying to shield and we've been so good at getting the message across that those people need to take care be shielded that perhaps they're not coming to hospital so the message we need to get out is that if you have chest pain if you have straight symptoms that you did need to call for help what do you make of the
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fact the government is working with private clinics now to give priority cancer patients key treatment comment that this is not the case they would have a serious illness is what about your patients for example we can they benefit from this move i think the move in terms of cancer surgeries very welcome i know private providers in london are supporting cancer surgery i think in some of the plans cardiac procedures i think i describe it as being under control it's not a perfect situation and i think it depends on how long the have that we can have all 'd the pressures in the service go on 1st to how we manage things so certainly monitoring what's going on with patients i think all the comic senses i know are being very responsible in how they look after patients and as i say. maybe if it's a bear in mind that most of the elected presidents we know that we can get pretty good management with medications and so we could go the other more different supersedes there is lot of but he will be and there will be state carrots who protect them from what is going on in moscow in general you're clearly facing some
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serious challenges here and we so appreciate your time for joining us and best of luck with all you're doing dr thank you for joining us and. my pleasure thank you. rescue flights for stranded britons looking to return home have been partly funded thanks to the u.k. using an e.u. subsidies scheme the foreign offices use the program to help fund at least 6 flights from countries such as japan and peru in the u.s. and a 1000 britons are returned home thanks to the scheme so far run by the e.u. commission it covers 3 quarters of the costs of putting on a government repatriation flights the u.k. remains part of the scheme until the end of the brics a transition period when it comes as it submerges that returning britons could have to plant a 1000 pounds a ticket to get home the foreign office has said the cost of any special charter flights will need to be shared between passengers and taxpayers the price is often more than commercial flights which the governors urged travelers to take when they can some say the government is yet to step in at all. when i'm not joined by one awaiting a flight home from the paul maryann maryann hello i understand you have
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a flight booked to get home but you fear that you might not be able to get to the airport. yes savior and i have a flight. which is organized by the way i am to stay and it was 800 pounds for him to get. the country is a complete loss and there's no you up the transport there and i and it's our own house they're not willing to take are not well typical kind of honest willing to take a foreign person in case you know that there are some irish. and so yeah i'm finding out region is trying to work out how to get out so the airports catch up let's get home and you have paid that money already so if you miss the flight you won't get moniba yeah yeah exactly and i'm not sure about because i know that there is the 2nd flight. already if there. are you on your own are you on your own what's
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your situation there. i don't so i'm traveling on my own i'm staying read i cannot you. are not right are not staying with my income and they had a place and charging response hearing and. then actually cuts to your right with food and health yes luckily i'm fine with the patients but i got other people and situations it's just been a bit typical of the government has been criticized for not helping the likes of you but you do say that you have been in touch with the embassy because it was the embassy that organizes flights or do you feel you've had enough backup support from the embassy there. no not so and the embassy took a very long time and getting back in touch with anyone here has been trying to get hold of people restaurant a couple of. weeks before we go and you saw her stone steps at a time when they were not sure many items the white house and he seems going such
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a broken ice at the last possible moment. the reason why it took so long was lots of complications during the year in germany and other cultures. but you have a long time to go can the embassy not help you get to the airport are you in touch with them to say look you page of money a book the flight but you're stranded is any way that they can organize travel fully yet so i got in touch with them i tried calling not only him and the no response i was saying no i go and searched. it in our stones and said a couple of quite a few out last night and i said they can't send out individual journeys to come pick me out seems so the just finally then in effect you are stranded but you are all in a in a good position is that where you are being looked after and do you feel you are in any way at risk from this this awful virus way at the moment is it better to actually stay way walk and you've thought just finally i am i'm very same fate i've got you know my house is set i could say for instance i need to get any extra costs
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so i'm going to get possession and you know if i do have to stay here and you know i brought the knot i could be in a much worse situation there ian thank you so much possibility thank you for joining us not an aussie came mary and stuart and that's if it meant more news in the hall for now. in his community there are people who believe that it's ok. it's really hard there are no jobs and you see that i've got kids that ask and as a parent. i can come up with lots of arguments there's a lot of conflict in the game between the 2 teams most of the conflict i would say revolves around money and most of them money is made. close one on each other
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because he knows each other is good because the state of california alone makes $6000000000.00 a year off to prison complex just to get some point in your life where. you don't care and one of my hair is a boxer so your hair might anything. what is the difference between embarrassing gaffes in elder abuse joe biden certainly excels at the former and maybe is the victim of the latter we're told dimension of mental health is off limits to what degree does the public have the right to know. humanity is on the edge of a precipice thanks to continuing destruction of the natural world.

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